Inversiones CMPC’s $500 Million Notes Offering

Cleary Gottlieb, Carey and Phippi, Prietocarrizosa Ferrero DU & Uría advised on the transaction

Inversiones CMPC S.A. executed its offering of $500 million 3.850% guaranteed notes due 2030.

The notes were issued pursuant to Rule 144A and pursuant to Regulation S.

The transaction, which priced on January 8, 2020, was managed by J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., MUFG Securities Americas Inc., and Santander Investment Securities Inc. as joint bookrunning managers. The transaction is set to close on January 13, 2020.

CMPC is a multinational corporation that produces and markets wood, pulp, packaging products, household and non-household sanitary protection products, and tissue paper.

Cleary Gottlieb represented Inversiones CMPC in US with a team including partner Adam Brenneman, associates Miguel Alvarez Malvido and Shelbi Vaughn, and international lawyer Andres del Sante. Associates Anthony Yanez and Eric Gruebel provided tax advice. Senior attorney Marc Rotter advised on ‘40 Act matters.

In Chile, Carey advised Inversiones CMPC with a team including Luciano Aguilera (Picture), Paluska Solar and Nadia Jara.

Phippi, Prietocarrizosa Ferrero DU & Uría advised the joint bookrunning managers with Marcelo Armas, Marcela Silva,  Daniel Parodi, Santiago Mesías, Vera Yacher and Ana Bengoechea.

Involved fees earner: Luciano Aguilera – Carey; Nadia Jara – Carey; Diego Peralta – Carey; Paluska Solar – Carey; Miguel Alvarez Malvido – Cleary Gottlieb Steen & Hamilton; Adam Brenneman – Cleary Gottlieb Steen & Hamilton; Andres Del Sante – Cleary Gottlieb Steen & Hamilton; Eric Gruebel – Cleary Gottlieb Steen & Hamilton; Marc Rotter – Cleary Gottlieb Steen & Hamilton; Shelbi Vaughn – Cleary Gottlieb Steen & Hamilton; Anthony Yanez – Cleary Gottlieb Steen & Hamilton; Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Ana Bengoechea – Philippi Prietocarrizosa Ferrero DU & Uría; Santiago Mesías – Philippi Prietocarrizosa Ferrero DU & Uría; Daniel Parodi – Philippi Prietocarrizosa Ferrero DU & Uría; Marcela Silva – Philippi Prietocarrizosa Ferrero DU & Uría; Vera Yacher – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Carey; Cleary Gottlieb Steen & Hamilton; Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Inversiones CMPC S.A.; JP Morgan Securities; MUFG Securities Americas Inc. ; Santander Investment Securities Inc.; Scotia Capital Inc.;

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Author: Ambrogio Visconti.